Premature Fed pullback could “short-circuit” recovery: Bernanke

(Reuters) – Ben Bernanke, the chairman of the Federal Reserve, said on Friday that pulling back on aggressive policy measures too soon would pose a real risk of damaging a still-fragile recovery.

There has been some disagreement within the Fed of whether the central bank’s bond-buying program, which is designed to push down long-term interest rates, should be phased out.

Fed Board Governor Jeremy Stein argued recently there were signs of overheating in certain financial markets and that the central bank should consider….(more)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s